Category: Brokerage
Largo originates $6.2 million for Buffalo multifamily development
December 1, 2020
Buffalo, NY Ned Perlman, vice president of originations at Largo Capital’s local office arranged construction to permanent financing for a multifamily development. The $6.2 million transaction consisted of a $5 million first mortgage and a $1.2 million line of credit
1031 exchange is a solution to transition into passive real estate ownership - by Russell Gullo
December 1, 2020
Scenario: You have owned investment real estate for many years and have been involved in the day-to-day (active) management of the assets. You are at the point in life where you are tired of being an “active” investor but you’re unsure if you can afford to sell because of the tax associated with your gain.
December message from the president of NYSCAR - by James Walker
December 1, 2020
Call for Realtor of the Year Nominations – NYSCAR is taking nominations for the 2020 Realtor of the Year. If you would like to nominate an active NYSCAR member for this year’s award, please send a nomination letter to NYSCAR, 130 Washington Ave., Albany, NY 12210 by December 15th.
Defining the new landscape of workforce development - by Stacey Duncan
December 1, 2020
At the end of the day, workforce development is truly about the people. As leaders in defining the new workforce landscape, The Agency and the Greater Binghamton Chamber of Commerce through the Leadership Alliance are striving to bolster the workforce while simultaneously fostering a sustainable quality of life for all Broome County residents.
How three sectors came together to help their community with a new affordable housing model - by Jen...
December 1, 2020
In an effort to address some of the many issues found at Affordable Housing complexes in our country, as well as to help find homes for those in need of affordable housing in our community, a unique and innovative partnership was formed. Our team at Jewish Family Service of Rochester, New York (JFS) sought out a local affordable apartment community
Community Loan Fund awards COVID-19 small business grants
December 1, 2020
Schenectady, NY The Community Loan Fund of the Capital Region awarded $121,000 in grants to small businesses impacted by COVID. These grants are part of the City of Schenectady’s Small Business Assistance Program and will help businesses adjust to the challenges of the pandemic.
SWBR expands with 3tarchitects acquisition
December 1, 2020
Rochester, NY SWBR acquired Troy-based 3tarchitects. The acquisition will allow SWBR to expand geographically into the growing Capital Region and will allow 3tarchitects to deepen their impact by expanding the size and scope of their projects. “Over the past 50 years, we have maintained a proud heritage of designing memorable places
New York City is a long-term play - by Michael Weiser
December 1, 2020
Are you unsure about New York City? Shutdowns, potential second wave, empty office buildings, flight of wealthy New Yorkers to anywhere but here, no Broadway, Times Square empty, record low CRE transactions and on and on and on…Logic would dictate that COVID-19 is the straw that broke NYC’s back.
BRG brokers $2.55 million sale of Brooklyn multifamily
December 1, 2020
Brooklyn, NY Bestreich Realty Group (BRG) closed the sale of 363 Washington Ave. for $2.55 million. This four-unit multifamily totals 5,145 s/f, priced at $496 per s/f and $637,500 per unit. The seller of this property was 353 Washington Ave LLC and the buyers are 363 Wash Ave Corp.
Westbridge Realty Group closes $6.5m industrial site
December 1, 2020
Brooklyn, NY Westbridge Realty Group, a New York based investment sales firm, completed the sale of an industrial site in the Gowanus neighborhood for $6.5 million. The site, at 88 9th St., is a self-storage facility on an acre of land with 300 self-storage units.
US Glass recognizes Crystal Window & Door Systems
December 1, 2020
Queens, NY National manufacturer Crystal Window & Door Systems was one of a select few fenestration and façade companies to be featured by leading national trade publication US Glass as one of the media platform’s 2020 Best Companies to Work For.
JLL Capital Markets handles $12.5m sale for Abra Construction
December 1, 2020
Brooklyn, NY JLL Capital Markets has completed the sale of 219 Jay St., a 37,549 buildable s/f opportunity zone development site in Downtown Brooklyn on behalf of Abra Construction. The building was purchased by Tankhouse, a locally-based developer and architecture firm, for $12.5 million.
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